Insight

Chapter 4 - Six Minutes Before The Vote

The meeting upstairs was not a sale closing.

Not yet.

It was a shareholder consent meeting connected to emergency financing.

Calloway Systems had a liquidity problem.

Ethan had hidden how serious it was.

A failed product launch.

A delayed government contract.

Two lenders tightening covenants.

The company was not bankrupt.

But it needed cash quickly.

Pierce Global offered $210 million in financing tied to governance changes.

Ethan would remain a major shareholder.

He might not remain CEO.

Grace’s signature could push the transaction over the required threshold.

That was why Declan said six minutes.

The consent window closed at noon.

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Ethan had spent the morning drinking champagne beside the Atlantic.

Grace had spent it reading the documents.

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